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With governments spending on a massive scale to save industries and mitigate the economic fallout from COVID-19, they should be positioning their economies for a more sustainable future. Fortunately, far from remaining taboo, using state aid to change private-sector behavior has become common sense. Managed capitalism for public purpose versus neoliberalism as government favoring capital accumulation and preservation for unlimited growth and expecting "trickle down."Project SyndicateNo More Free-Lunch Bailouts Mariana Mazzucato | RM Phillips chair in the Economics of Innovation at SPRU in the University of Sussex
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With governments spending on a massive scale to save industries and mitigate the economic fallout from COVID-19, they should be positioning their economies for a more sustainable future. Fortunately, far from remaining taboo, using state aid to change private-sector behavior has become common sense. Managed capitalism for public purpose versus neoliberalism as government favoring capital accumulation and preservation for unlimited growth and expecting "trickle down."Project SyndicateNo More Free-Lunch Bailouts Mariana Mazzucato | RM Phillips chair in the Economics of Innovation at SPRU in the University of Sussex
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Mike Norman considers the following as important:
This could be interesting, too:
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With governments spending on a massive scale to save industries and mitigate the economic fallout from COVID-19, they should be positioning their economies for a more sustainable future. Fortunately, far from remaining taboo, using state aid to change private-sector behavior has become common sense.Managed capitalism for public purpose versus neoliberalism as government favoring capital accumulation and preservation for unlimited growth and expecting "trickle down."
Project Syndicate
No More Free-Lunch Bailouts
Mariana Mazzucato | RM Phillips chair in the Economics of Innovation at SPRU in the University of Sussex